Calvista Appoints Edgar Castellanos-Gonzales as Special Advisor to the Board

TORONTO, ONTARIO--(Marketwire - Nov. 14, 2011) - Calvista Gold Corporation ("Calvista" or the "Company") CVZ is pleased to announce the appointment of Mr. Edgar Castellanos-Gonzales as a special advisor to the board of directors of the Company (the "Board"). The appointment was effective November 10, 2011 and the Board now consists of seven directors and one special advisor.

Dr. Ruben Shiffman, Chairman of the Board stated: "We are delighted to welcome Edgar as an advisor to our Board. He brings a wealth of experience to the Company, particularly in the areas of high-level negotiations and government and social relations."

Mr. Castellanos-Gonzales, a resident and citizen of Colombia, has been Colombian Ambassador Delegate to the Organization of American States in Washington, Colombian Ambassador Delegate to the UN General Assembly and has held various publicly elected positions such as Member of the Congress of Colombia, Federal Senator and Mayor of the City of Bucaramanga in the Province of Santander, Colombia. Mr. Castellanos-Gonzales is a lawyer by profession and holds a degree in Law from Universidad Colegio Mayor de Nuestra Senora del Rosario in Bogota, Colombia as well as a degree in International Law and Diplomacy from Universidad Jorge Tadeo Lozano in Bogota, Colombia. Mr. Castellanos-Gonzales has four children and is married to Clemencia Forero-Ucros, the current Ambassador of Colombia to Canada.

Mr. Castellanos-Gonzales commented: "I am thrilled to be assisting an exploration company like Calvista working in the California mining district which is near one of the three major gold producing belts in Colombia and look forward to working with such a dynamic and experienced Board."

About Calvista

Calvista is a mineral exploration company focused on the acquisition, exploration and development of properties for the mining of gold and other minerals. Calvista was founded by and was initially a subsidiary of Norvista Resources Corporation, a private resource-oriented merchant bank based in Toronto. Calvista's California Project is comprised of eleven mining titles grouped into six non-contiguous blocks located in the California mining district, Department of Santander, in Colombia. All properties are located below 3,200 metres and are not affected by the Paramo ecosystem law. Calvista is well funded and led by a management team with over 45 years of exploration and mining experience, principally in South and Central America. Calvista's head office is located in Toronto with its Colombian headquarters located in Bucaramanga. For further details on Calvista, its management team and its California Project, please refer to Calvista's web site (www.calvistagold.com). Calvista's Canadian regulatory filings can be found on SEDAR at www.sedar.com.

CAUTIONARY STATEMENT: This news release contains forward-looking information which is not comprised of historical facts. Forward-looking information involves risks, uncertainties and other factors that could cause actual events, results, performance, prospects and opportunities to differ materially from those expressed or implied by such forward-looking information. Forward looking information in this news release includes, but is not limited to, Calvista's objectives, goals or future plans, statements regarding exploration results, potential mineralization, exploration plans and the timing of a potential resource estimate. Factors that could cause actual results to differ materially from such forward-looking information include, but are not limited to, uncertainties inherent to preparing a resource estimate within expected timeline, capital and operating costs varying significantly from estimates, the preliminary nature of metallurgical test results, delays in obtaining or failures to obtain required governmental, environmental or other project approvals, political risks, uncertainties relating to the availability and costs of financing needed in the future, changes in equity markets, inflation, changes in exchange rates, fluctuations in commodity prices, delays in the development of projects and the other risks involved in the mineral exploration and development industry, enhanced risks inherent to conducting business in a jurisdiction such as Colombia, and those risks set out in Calvista's public documents filed on SEDAR. Although Calvista believes that the assumptions and factors used in preparing the forward-looking information in this news release are reasonable, undue reliance should not be placed on such information, which only applies as of the date of this news release, and no assurance can be given that such events will occur in the disclosed time frames or at all. Calvista disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, other than as required by law.